So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
No one knows, we can just tell any reason why but I think this is more on the panicking newbies who sold their coin at a loss and also the price manipulation of every whales. This is the market now, we can go dumped easily so if you have a chance to take profit on your trading please do so. Investing in long term is quiet risky now, I hope we will rise again this year. 
Topic: Bitcoin drops sharply by about 300$ today! (Read 663 times)
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
It is a very volatile market; hence a sharp drop in price should always be expected and should not be a new thing. The demand for the market is low unless we want to keep lying to ourselves and one thing I am sure of, is that whales are leveraging on the fact that there are so many non-believers of the market with just the only sole aim of getting rich overnight, which gets them scared easily even at dumping at loss. In this vein, they move the market up, people aforementioned, started calling moon; the price could not go further and becomes weak, and then boom! It starts coming back down. So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
I wouldn't attribute this fall in price over the last few days to the SEC at all, or at least it's not the only reason why bitcoin prices have fell.
The biggest reason that I can think of is still the fact that the last rally was pretty unjustified, and thus ended up as a bull trap of sorts. It's definitely hard to see any bullishness coming out of the market with a sentiment that is currently this bearish, and it definitely makes sense for this correction to have happened rather than not.
Secondly, Goldman did announce previously that they will put their trading desk project on hiatus for now, which may have sent panic waves through the market, even though I'm not buying that story particularly. IMO, this dip offers up a great opportunity to accumulate.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
I wouldn't attribute this fall in price over the last few days to the SEC at all, or at least it's not the only reason why bitcoin prices have fell.
The biggest reason that I can think of is still the fact that the last rally was pretty unjustified, and thus ended up as a bull trap of sorts. It's definitely hard to see any bullishness coming out of the market with a sentiment that is currently this bearish, and it definitely makes sense for this correction to have happened rather than not.
Secondly, Goldman did announce previously that they will put their trading desk project on hiatus for now, which may have sent panic waves through the market, even though I'm not buying that story particularly. IMO, this dip offers up a great opportunity to accumulate.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
To be honest this 300$ decrease in price looking at the time perspective is not small, but watching the price of Bitcoin fluctuate lately it is really nothing bad, just wait a little longer and you will see how the price will recover.
But the problem is how long we will gonna wait for the market to recover? That i think we have already waited long enough since January of this year and the worst scenario is there is no bullish market but only real demand in which $10,000 is already impossible for this year.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
To be honest this 300$ decrease in price looking at the time perspective is not small, but watching the price of Bitcoin fluctuate lately it is really nothing bad, just wait a little longer and you will see how the price will recover.
But the problem is how long we will gonna wait for the market to recover? That i think we have already waited long enough since January of this year and the worst scenario is there is no bullish market but only real demand in which $10,000 is already impossible for this year.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
To be honest this 300$ decrease in price looking at the time perspective is not small, but watching the price of Bitcoin fluctuate lately it is really nothing bad, just wait a little longer and you will see how the price will recover.
The current value is 6495 US dollar and this is a low value as we are still in bear market so all we need is to invest further so as to have Bitcoin in large quantity and to wait after getting success in reaching to a bull market that is your success if you successfully reach out at bull market.
The only reason you think current prices are low is because you compare them with how the price was at its peak last year. It's a false sense of market reality that makes people lose track of the actual situation right now.Current prices are perfectly normal and may even turn out to be on the higher side in the coming months. People need to realize that during bear markets there isn't really all that much new money coming in.
I would even like to say that it's more likely that money is in the process of leaving the market. Crypto thrives on how it's being hyped up during rallies, and these rallies are pretty much not going to show up any time soon.
Just be realistic. You don't gain anything by acting overly bullish whilst hoping for a recovery, the only thing you're doing is stress out even more because of how the market isn't in the mood to recover.
So when the price increases by 5%, you like to say, it increased a lot, it starts to go to the moon, it's huge!
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
It's like when we were on the big bullrun and everyone was praising the unregulated market, talking about how great it is that crypto is free from regulations, etc. And then as soon as we starting dropping everyone was shouting for regulations to reduce volatility and help to stabilize the price.
People are funny/stupid.
I'm interesting about how the price setting down going to stabilize because most people expecting it too much go to the moon but for some another, they are worried if price increasing fast, the market will break down and price fall same as early of this year.
if people were truly expecting price to rise "to the moon" as you claim they are, then price would have had a big rally because truly expecting means they will also act on it and that means buying more which leads to a price rise.
besides nobody is worried about what you said (if price increasing fast, the market will break). in case you have missed it price has been rising fast for almost all the bitcoin history! and rising fast has nothing to do with market breaking! last year price went from <$900 to nearly $20000 and nothing broke. even after the correction it is still a 620% rise in one year.
what investors are speculating however is that they believe the ETF rejection by the end of this month can cause some drops so they want to be ready for that opportunity to buy in the dip.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
To be honest this 300$ decrease in price looking at the time perspective is not small, but watching the price of Bitcoin fluctuate lately it is really nothing bad, just wait a little longer and you will see how the price will recover.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
Fluctuation of bitcoin price is normal in a volatile investment as being decentralize currency the government has no control of this and the prices will depends on the supply and demand of the market. You should not expect too much for the price as not to hurt yourself. 
Exactly, the price has dropped by 1,000$ within 24 hours for bitcoin. No FUD or bad news affects the market. But the price crash has caused many people panic and panic sell a lot. Hopefully at the end of September Sec can accept the ETF so the market can be rescued
The current value is 6495 US dollar and this is a low value as we are still in bear market so all we need is to invest further so as to have Bitcoin in large quantity and to wait after getting success in reaching to a bull market that is your success if you successfully reach out at bull market. In Bitcoin’s market we can get maximum profit only if we start buying in its low and the current market is better for this purpose so what are you waiting for.
Well, this is just around 5% movement. It is nothing for bitcoin and can be recovered in no time if any positive news come. Bitcoin just waits for a new trend in my opinion and when that time will come it will move between 7200 and 6000.
What is interesting is that the price goes up very slow right now but falls incredibly fast, even though it was not a large drop but still 300$ in few minutes means someone sold a whole lot of BTC.
The gravity of reality can be a bitch and what goes up must come down. There's always resistance on the uptrend and a not as much when it comes crashing back down to earth and this has a spiraling effect when weak hands start panic selling. I wouldn't sweat the small stuff though as these ups and downs are just part of bitcoin and we should learn to ride them out as there will be a hell of a lot more of this to come.
Firstly, this is a very volatile and new market which will know even the exchange volume cannot be compared to the real matured market with huge liquidity and for that reason we can always see sharp drop in prices, which we all know even the volatility has reduced over time as we keep forging ahead.
Moreover, the fact remains that we have no serious level of demand, and markets are always likely to react to that most of the time, and if the market gets to a point where it is too much, it either tries to fight a bulls fight, or just simply let the bear take over until strong enough to retry. People should just get used to this and stop complaining.
Many people are linking this sudden fall in the price of Bitcoin as a speculating news which states that CFO of Goldman Sachs was planning to drop a plan to build a Bitcoin trading platform, causing the price of the cryptocurrency to crash. I mean, I guess some investors might have held in to Bitcoin because of this plan. Now Goldman Sachs has clarify this as a false news, hopefully the price will recover back.
Well the good thing is that it held at 6.7 none the less considering that a news like that before would've plunged the price steeper. And it's slowly getting back to 6.8k.
Many people are linking this sudden fall in the price of Bitcoin as a speculating news which states that CFO of Goldman Sachs was planning to drop a plan to build a Bitcoin trading platform, causing the price of the cryptocurrency to crash. I mean, I guess some investors might have held in to Bitcoin because of this plan. Now Goldman Sachs has clarify this as a false news, hopefully the price will recover back.
This is news to me, but that doesn't make any sense to me at all. Who said that? Why would someone building an exchange cause the price to fall, especially the CFO of Goldman Sachs? That sounds like good news to me so why wouldn't the price go the opposite way?
what investors are speculating however is that they believe the ETF rejection by the end of this month can cause some drops so they want to be ready for that opportunity to buy in the dip.
Possibly. I just hope if/when it is denied (which it probably will be) that it doesn't fall any more.
So when the price increases by 5%, you like to say, it increased a lot, it starts to go to the moon, it's huge!
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
It's like when we were on the big bullrun and everyone was praising the unregulated market, talking about how great it is that crypto is free from regulations, etc. And then as soon as we starting dropping everyone was shouting for regulations to reduce volatility and help to stabilize the price.
People are funny/stupid.
I'm interesting about how the price setting down going to stabilize because most people expecting it too much go to the moon but for some another, they are worried if price increasing fast, the market will break down and price fall same as early of this year.
if people were truly expecting price to rise "to the moon" as you claim they are, then price would have had a big rally because truly expecting means they will also act on it and that means buying more which leads to a price rise.
besides nobody is worried about what you said (if price increasing fast, the market will break). in case you have missed it price has been rising fast for almost all the bitcoin history! and rising fast has nothing to do with market breaking! last year price went from <$900 to nearly $20000 and nothing broke. even after the correction it is still a 620% rise in one year.
what investors are speculating however is that they believe the ETF rejection by the end of this month can cause some drops so they want to be ready for that opportunity to buy in the dip.
As I expected. My feelings were right about this fall. I do not know what was the cause of this fall, but it has gone back to normal. It is quite disappointing. I hoped for a prosperous increase and maintaining the current. However, when the expected meets the unexpected, there will be a clash between them. So, do not worry about this fall. All you have to do is to be patient until the price goes up again.
So when the price increases by 5%, you like to say, it increased a lot, it starts to go to the moon, it's huge!
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
It's like when we were on the big bullrun and everyone was praising the unregulated market, talking about how great it is that crypto is free from regulations, etc. And then as soon as we starting dropping everyone was shouting for regulations to reduce volatility and help to stabilize the price.
People are funny/stupid.
I'm interesting about how the price setting down going to stabilize because most people expecting it too much go to the moon but for some another, they are worried if price increasing fast, the market will break down and price fall same as early of this year.
Then invest what you can afford to lose. And we should go over thinking that the price will go to the moon similar to last years peak. So should wait where the market goes and there's nothing we can do about that. So adjust our strategy or do long term investments. I guess this flash crash can be attributed to the Goldman Sachs news about dropping its plans to open a crypto trading desk. Not sure if its fake news or not, however, everything has settled down, bitcoin on $6500 now and new trend can be seen in the next couple of days.
So when the price increases by 5%, you like to say, it increased a lot, it starts to go to the moon, it's huge!
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
It's like when we were on the big bullrun and everyone was praising the unregulated market, talking about how great it is that crypto is free from regulations, etc. And then as soon as we starting dropping everyone was shouting for regulations to reduce volatility and help to stabilize the price.
People are funny/stupid.
I'm interesting about how the price setting down going to stabilize because most people expecting it too much go to the moon but for some another, they are worried if price increasing fast, the market will break down and price fall same as early of this year.
The drop has nothing to do anything with SEC.
This sharp drop was said to be caused by Silk Road Wallet Activity This Week Could Hint at Major Bitcoin Event.
This sharp drop was said to be caused by Silk Road Wallet Activity This Week Could Hint at Major Bitcoin Event.
The SEC has not yet taken a final decision it will be September 30 ! I think that this decline because of the purse which became active in which a lot of bitcoins. I think so !
Early Bitcoin proposals were rejected and they said those will be reviewed, anyone knows what happened to those reviews? So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
It seems you got the wrong idea, the sec is only monitoring the market they have no way to manipulate the market to avoid the volatility, and even then the sec only makes sure that the investments opportunities follow their rules whether it's a good investment or not is something that its impossible for the sec to regulate, so it seems that you have some mistaken ideas about how this market works. 
Exactly, the price has dropped by 1,000$ within 24 hours for bitcoin. No FUD or bad news affects the market. But the price crash has caused many people panic and panic sell a lot. Hopefully at the end of September Sec can accept the ETF so the market can be rescued
The last week bitcoin and altcoin showed a green and stable move moving up slowly, but starting from yesterday they have fallen very large. I don't know what influenced the unstable crypto this year
The SEC has not yet taken a final decision it will be September 30 ! I think that this decline because of the purse which became active in which a lot of bitcoins. I think so !
A look at the general market saw a drop of about $14B as I type, which means is possible some whales offloaded to buy back at a cheap price. Nevertheless, this drop is insignificant. Just $300 is still a safe zone.
Yes, it is still a safe to enter in this price for some reason's btc can drop further and possibly to rise again. This really means the volatility in the market is really active which cater the demand and supply. Well, I just think of the recovery in bitcoin will soon realized.
SEC cannot really solve the volatility issue nor are they responsible for checking it. It is function of demand and supply which are also influenced by news in the space
OP needs to stretch the charts display out to the month. because it 'looks' sharp on a daily chart but looks small on a monthly chart.
but if you cant scale the display atleast take the numbers and you'll see its less than 5%. again not big
OP needs to not cry when the price moves down. but to see it as "discount sale" oppertunity to buy more before things move forward.
..
now for some psychology and some tips
for a day trader to have a price that cannot move more than 2% for a few hours, is hell.. its boring. and not profitable. so if a price cant go up then it will move down just to get the markets active.
most people love a 5% movement. they can buy some more at a 5% discount and once it eventually moves forward they get 5% profit. just from geting to yesterdays price again. which is better than any bank account savings interest rate could offer right now even if you held it in a bank for 10 years.
(many banks only offer under 0.5%)
day traders are happy to buy an allotment at 5% discount and then leave it as a sell order at 5% profit
anyway heres my tactic for all you fiat lovers
each time it drops a few % buy some.. obviously dont throw all your fiat stash into an order but just some. and then put it as a sell of profit.
EG (envelope math)
say you had $10k
break it into 10 x $1k amounts
buy $1k at a 5% discount(btc@$7k). and get 0.1428.(0.1424 after fee)
the set to sell 0.1374btc to sell at $7300 that way you get your $1k back after fees.. and keep 0.005btc thats $36 of btc
if the price goes down more and you dont get the $7300 again today. dont worry.. you still have 9 more allocations of profit oppertunity.. while that order just sits there as your profit for another day
if you keep doing this and repeat it. all them small 0.005 build up
and you keep some fiat to keep playing.
thats $36 from one allotment. do that once a day and thats 1.825btc ($13k) a year and you still have $10k to keep playing.. do it with more allotments it multiplies.
even if prices dont go up. dont worry. the price would need to tank down to ~$3-4k before you ran out of fiat reserves. but by that point you have 'averaged down' your cost per coin by buying at the discounts. which you wouldnt get if you put all $10k at $7k.
then its just the waiting game which as i said is much more profitable than bank interest.
i have found taking 2-5% and repeating. occurs makes more profit far far more often than throwing it all in and waiting for 20%-200%
but if you cant scale the display atleast take the numbers and you'll see its less than 5%. again not big
OP needs to not cry when the price moves down. but to see it as "discount sale" oppertunity to buy more before things move forward.
..
now for some psychology and some tips
for a day trader to have a price that cannot move more than 2% for a few hours, is hell.. its boring. and not profitable. so if a price cant go up then it will move down just to get the markets active.
most people love a 5% movement. they can buy some more at a 5% discount and once it eventually moves forward they get 5% profit. just from geting to yesterdays price again. which is better than any bank account savings interest rate could offer right now even if you held it in a bank for 10 years.
(many banks only offer under 0.5%)
day traders are happy to buy an allotment at 5% discount and then leave it as a sell order at 5% profit
anyway heres my tactic for all you fiat lovers
each time it drops a few % buy some.. obviously dont throw all your fiat stash into an order but just some. and then put it as a sell of profit.
EG (envelope math)
say you had $10k
break it into 10 x $1k amounts
buy $1k at a 5% discount(btc@$7k). and get 0.1428.(0.1424 after fee)
the set to sell 0.1374btc to sell at $7300 that way you get your $1k back after fees.. and keep 0.005btc thats $36 of btc
if the price goes down more and you dont get the $7300 again today. dont worry.. you still have 9 more allocations of profit oppertunity.. while that order just sits there as your profit for another day
if you keep doing this and repeat it. all them small 0.005 build up
and you keep some fiat to keep playing.
thats $36 from one allotment. do that once a day and thats 1.825btc ($13k) a year and you still have $10k to keep playing.. do it with more allotments it multiplies.
even if prices dont go up. dont worry. the price would need to tank down to ~$3-4k before you ran out of fiat reserves. but by that point you have 'averaged down' your cost per coin by buying at the discounts. which you wouldnt get if you put all $10k at $7k.
then its just the waiting game which as i said is much more profitable than bank interest.
i have found taking 2-5% and repeating. occurs makes more profit far far more often than throwing it all in and waiting for 20%-200%
$300 is not a considerable amount for the Bitcoin when it comes to the volatility. Bitcoin is a part of the wild crypto market and 10% to 20% fall in the price is normal. This market is still in the basic phase of development and hence it will take time to evolve over the period of time. You will notice such falls frequently until we gain some stability in the user base.
That's right, I didn't even think this would happen. because I just bought $ 1000 worth of Bitcoin. but never mind, I'm sure Bitcoin will rise soon, and my money will rise soon. I will still hold my bitcoin.
It really could have been worse, just 300 usd. i could say is a reversible number. the funny thing was the time it took me to do it. I had count less than 10 minutes
What is interesting is that the price goes up very slow right now but falls incredibly fast, even though it was not a large drop but still 300$ in few minutes means someone sold a whole lot of BTC.
The gravity of reality can be a bitch and what goes up must come down. There's always resistance on the uptrend and a not as much when it comes crashing back down to earth and this has a spiraling effect when weak hands start panic selling. I wouldn't sweat the small stuff though as these ups and downs are just part of bitcoin and we should learn to ride them out as there will be a hell of a lot more of this to come.
A look at the general market saw a drop of about $14B as I type, which means is possible some whales offloaded to buy back at a cheap price. Nevertheless, this drop is insignificant. Just $300 is still a safe zone.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
everything un-expected has a possibility to happen to the market, that is the characteristic of volatility 
some time ago bitcoin rose and then fell again quickly, I think this is because trading volume is recovering again, and then many people are using this time to sell again. they are not patient because they bored with the correction market.
I call this by taking advantage of short-term volatility.
I call this by taking advantage of short-term volatility.
What is interesting is that the price goes up very slow right now but falls incredibly fast, even though it was not a large drop but still 300$ in few minutes means someone sold a whole lot of BTC.
The gravity of reality can be a bitch and what goes up must come down. There's always resistance on the uptrend and a not as much when it comes crashing back down to earth and this has a spiraling effect when weak hands start panic selling. I wouldn't sweat the small stuff though as these ups and downs are just part of bitcoin and we should learn to ride them out as there will be a hell of a lot more of this to come.
Well, this price drop was predictable, number of short position increased significantly yesterday. So, normal correction, in my opinion we are still in bull run till the end of September at least.
So do you think it's time for me to buy bitcoin? Bitcoin prices are declining, I am still wondering whether the purchase is beneficial or not? I hope to receive a reasonable explanation. I am still puzzled about the bitcoin's depreciation today
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
A 300USD price fall is nothing in the world of bitcoin to be honest.
Yeah, i was thinking the same.
I am getting more surprised when it doesn't move that much in a day.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
A 300USD price fall is nothing in the world of bitcoin to be honest.
I think that this is not the worst scenario. The price of Bitcoin can drop below 6000 in the near future. I hope it does not happen.
Manipulation for price of bitcoin has been always there and it happens without knowing when it will happen, I am just a small player and shall reap the profits on and off to ensure maximal profits.
So when the price increases by 5%, you like to say, it increased a lot, it starts to go to the moon, it's huge!
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
It's like when we were on the big bullrun and everyone was praising the unregulated market, talking about how great it is that crypto is free from regulations, etc. And then as soon as we starting dropping everyone was shouting for regulations to reduce volatility and help to stabilize the price.
People are funny/stupid.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
I think this is only a decrease that can be said normal is not too big, and I think the increase will happen again. so don't think too much about this, because maybe this is still in the manipulation of the big popes, and we just watch this bearish market want to when it will happen
Whatever happens right now doesn't matter in a year time perspective. For all those long term holders not interested in day trading it shouldn't be anything worth our concern.
So when the price increases by 5%, you like to say, it increased a lot, it starts to go to the moon, it's huge!
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
You guys are funny.
Since some days I was hoping to see the volatility coming back like in the good old days because it entertains me.
Not sure what is the reason for this flash crash but some people are speculating that it is caused by Goldman Sachs had shelved its plan about the launch of a bitcoin trading desk. Or by this news https://bitcointalksearch.org/topic/m.45206418
But when the price decreases by 5% just over an hour, you say, it's not a lot, it's nothing, ect...
You guys are funny.
Since some days I was hoping to see the volatility coming back like in the good old days because it entertains me.
Not sure what is the reason for this flash crash but some people are speculating that it is caused by Goldman Sachs had shelved its plan about the launch of a bitcoin trading desk. Or by this news https://bitcointalksearch.org/topic/m.45206418
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
Price for bitcoins is getting much unstable day-by-day and it is really becoming much difficult to predict the price for bitcoins. I too observed a minor duml recently but it might be due to several reasons including the one you stated. This is a sharp time for bitcoins as last year this was the time when bitcoins started pumping.Whenever bitcoins had to experience a pump, they slightly moved back and than got higher in a great speed so i just hope that it can be a starting of a major pump which bitcoins will show us soon. Bitcoins should really make a better move now as major portion of the commodity is now expecting a better price to make them all rich.
Bitcoin is also dropping each day and also it is gaining some value again so it might also be normal and bitcoins can continue the bull run. All we can do is wait and watch untill they really show us a immense growth soon. Bitcoins need major attention from several new investors and it is our duely responsibility to make bitcoins more popular so that they can gain some importance in the upcoming future.
This is such a small price drop. What about the people that bought ripple at 3 dollars? they are down 90 percent. I would barely even call this a dip, wake me up when something exciting happens.
Really? Oh well, it is not a small drop for a short-term investor like me. I made about 500$ from trades between 1 week ago until now, and my profit are now gone!!!!1111!11!!!I confirm that 300$ drop is not so huge on BTC trends, we already saw this many times and in higher proportion.
It could be many reason, possibly some whales that are playing for people to panic sell with again MTgox rumors in order to buy at lower price.
This is such a small price drop. What about the people that bought ripple at 3 dollars? they are down 90 percent. I would barely even call this a dip, wake me up when something exciting happens.
Really? Oh well, it is not a small drop for a short-term investor like me. I made about 500$ from trades between 1 week ago until now, and my profit are now gone!!!!1111!11!!! So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
maybe some investor who hold large amount of number want to profit taking or want to shake the crypto market by dumping volume of bitcoin to create panic selling for others. or are we expecting negative news coming? that is why advance thinkers or insiders are dumping bitcoin.Doesn't mt Gox still hold a lot of bitcoins? They may be the ones dumping or it may be a planned dump by a bunch of whales so they can make a lot of money taking out shorts.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
maybe some investor who hold large amount of number want to profit taking or want to shake the crypto market by dumping volume of bitcoin to create panic selling for others. or are we expecting negative news coming? that is why advance thinkers or insiders are dumping bitcoin. 
Bitcoin prices fell sharply I think this is a good leap for bitcoin to be one of the highest priced coins. maybe in the foreseeable future bitcoin will rise to 10x from the current price. we can only hold coins to get high prices.
It's not a significant drop at all. There's been a lot of resistance around 7400-7500 and always when resistance is not broken in a few days there's a sharp sell off as the sell pressure overturns the buy pressure quickly.
What is interesting is that the price goes up very slow right now but falls incredibly fast, even though it was not a large drop but still 300$ in few minutes means someone sold a whole lot of BTC.
This is such a small price drop. What about the people that bought ripple at 3 dollars? they are down 90 percent. I would barely even call this a dip, wake me up when something exciting happens.
So, I thought the bitcoin's volatility attribute was being checked by the SEC and other world financial bodies, if so, why the sharp price fall that just happened in about an hour ago?
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